Long positions in stocks such as Apple Inc., Facebook Inc. and Allergan Inc. have helped hedge funds recover in recent months after “historically sharp underperformance in March/April,” Goldman said. But overall performance was weighed down by consumer discretionary stocks. Hedge funds have roughly 20% of assets allocated to that sector, among the S&P 500′s worst performers of the year. The sector makes up 12% of the index.

Nevertheless, Goldman compiled a list of 50 stocks that “matter most” to hedge funds. The firm quantified this category by positions that appear most frequently as top-10 holdings within hedge-fund portfolios as of the end of the second quarter.

The individual stocks that hedge-fund managers buy and sell attract a tremendous amount of attention from retail investors. Mom and pop love to see where the so-called “smart money” is flowing as a factor in their own investing decisions.

Since 2001, the 50 stocks that “matter most” to hedge funds have outperformed the S&P 500 on a quarterly basis 66% of the time, according to Goldman.

Without further ado, here’s a look at Goldman’s 50 stocks that matter most to hedge funds.